Making the decision to invest what is sometimes your life savings, into a business, is a major step and one full of perils. As such, this process should never be taken lightly.
By Troy Wilson and Matthew Kidd, Grant Thornton Australia Limited
This article appeared in Issue 3#4 (May/June 2009) of Business Franchise Australia & New Zealand
The global financial crisis that started in the 2008 calendar year is emerging into a broader international economic slowdown in 2009.
In Australia, the slowdown has recently resulted in a marginal softening of the employment market as employers tend to either reduce their take up of new employees, or release employees from employment to manage costs.
By Rod Nuttall, National Executive Manager of Franchising, Commonwealth Bank
This article appeared in Issue 3#5 (July/August 2009) of Business Franchise Australia & New Zealand
It’s a common misconception among new franchisees that business plans are purely a means of securing funding. However, a clear, concise and realistic plan will not only help franchisees win confidence and funds from their banker, it will also act as a roadmap for ongoing business success.
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